2025-05-15T15:32:35-05:00 2024-06-30 720916213 BERNARD & FRANKS CORP OF CPA'S 4141 VETERANS BLVD SUITE 313 METAIRIE LA 700025581 990 2023-07-31 452800104 3222 CANAL STREET APARTMENTS NONPROFIT INC 3222 5048214496 2475 CANAL ST 300 NEW ORLEANS LA 70119 MARTHA J KEGEL EXECUTIVE DIRECTOR 5048214496 2025-05-15 1 0 JAMES L WHITE P00028819 5048850170 2023 2025-03-06 01:10:19Z X MS MARTHA KEGEL 2475 CANAL ST 300 NEW ORLEANS LA 70119 1146489 0 X NA X 2011 LA THE MISSION OF 3222 CANAL STREET APARTMENTS NONPROFIT INC IS TO COORDINATE COMMUNITY PARTNERSHIPS TO PREVENT, REDUCE AND END HOMELESSNESS. 2 2 0 75 0 0 194906 331513 0 0 -353728 -453507 -158822 -121994 0 0 13175 1986 0 0 46875 44671 60050 46657 -218872 -168651 7079299 6998461 3951580 4039393 3127719 2959068 X THE MISSION OF 3222 CANAL STREET APARTMENTS NONPROFIT INC IS TO COORDINATE COMMUNITY PARTNERSHIPS TO PREVENT, REDUCE AND END HOMELESSNESS. 0 0 46657 3222 CANAL STREET APARTMENTS NONPROFIT INC OPERATES THE SACRED HEART APARTMENTS (SH), WHICH PROVIDES AFFORDABLE RENTAL HOUSING TO DISABLED HOMELESS INDIVIDUALS AND PERSONS WITH INCOMES AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME. THERE ARE A TOTAL OF 109 UNITS RESTRICTED TO RENTS AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME, OF WHICH 53 ARE SET ASIDE AS PERMANENT SUPPORTIVE HOUSING FOR DISABLED HOMELESS INDIVIDUALS WITH THE REMAINING 56 UNITS RESTRICTED TO NON-PSH INDIVIDUALS AT RISK OF HOMELESSNESS. PERMANENT SUPPORTIVE HOUSING, PSH, PAIRS LONG TERM RENTAL ASSISTANCE WITH SUPPORTIVE SERVICES FOR PEOPLE WITH DISABILITIES WHO HAVE EXPERIENCED LONG-TERM OR REPEATED HOMELESSNESS. UNITY OF GREATER NEW ORLEANS, INC, ALONG WITH OTHER SUPPORTING AGENCIES, IDENTIFIES CLIENTELE ELIGIBLE FOR HOUSING. AFFORDABLE HOUSING WITH CASE MANAGEMENT AND OTHER SUPPORTIVE SERVICES FOR ALL PSH TENANTS AND SUPPORTIVE SERVICES FOR ALL NON-PSH TENANTS ARE CONDUCTED ON-SITE AT THE PROPERTY LOCATION. ALL UNITS AT SH ARE RESERVED FOR TENANTS WHO HAVE INCOMES AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME, AMI, AS ESTABLISHED BY HUD. THEREFORE, THE ENTIRE COMPLEX MEETS THE DEFINITION OF LOW-INCOME ACTIVITIES 100% OF THE TIME FOR THE SOLE OPERATING PURPOSE TO PROVIDE STABLE RENTAL HOUSING TO INDIVIDUALS AND FAMILIES WHO ARE FORMERLY HOMELESS AND AT RISK OF BECOMING HOMELESS." 46657 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 20 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X THE ORGANIZATION 5048214496 2475 CANAL ST 300 NEW ORLEANS LA 70119 X MARTHA KEGEL PRESIDENT 5.00 X X 0 0 0 FRANCES MISENHEIMER TREASURY/SECRETARY 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 214790 116723 331513 814704 1268483 -453779 -453779 -453779 OTHER INCOME 531110 272 272 272 -121994 -453507 0 0 X 1986 1986 47436 47436 OTHER EXPENSES 3254 3254 FRINGE BENEFITS AND PAY 659 659 PROVISION FOR CREDIT LO -6678 -6678 46657 46657 0 0 6740 30556 548670 66898 120513 108992 8676384 2140221 6090981 6536163 312395 255852 7079299 6998461 862779 266173 2548670 3223353 100000 60000 440131 489867 3951580 4039393 X 3127719 2959068 3127719 2959068 7079299 6998461 -168651 0 X X 0 1 X 1 1 1 X 331513 331513 331513 331513 331513 331513 814976 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8676384 2140221 6536163 6536163 TENANT DEPOSITS 33391 CONSTRUCTION & DEVELOPERS FEE PAYABLE 81250 DUE TO AFFILIATES 216306 CURRENT PORTION OF OPERATING LEASES LIABILITIES 2946 OPERATING LEASES LONG TERM LIABILITIES 155974 489867 X PART X, LINE 2: IN JULY 2023, THE ORGANIZATION SUBMITTED AN APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE WITH THE REQUEST TO GRANT EXEMPTION RETROACTIVE TO JANUARY 1, 2019. THE INFORMATION OUTLINED BELOW IN THE IMMEDIATE PARAGRAPH, WAS SUBMITTED TO THE IRS AS TO WHY THE ORGANIZATION REQUESTED THE JANUARY 1, 2019 EFFECTIVE DATE. THE ORIGINAL OWNERSHIP ENTITY FOR THE BUSINESS, 3222 CANAL APARTMENTS, LLC WAS AN LLC DISREGARDED ENITY OF UNITY OF GREATER NEW ORLEANS, INC., A 501 (C) (3). IN JULY 2016, OWNERSHIP WAS TRANSFERRED FROM 3222 CANAL APARTMENTS, LLC TO UNITY HOUSING, INC., A RELATED 501 (C) (3) OF UNITY OF GREATER NEW ORLEANS, INC. THEN ON JANUARY 1, 2019, THE OWNERSHIP WAS TRANSFERRED TO 3222 CANAL STREET APARTMENTS NONPROFIT, INC. (THE ORIGINAL OWNERSHIP ENITY, 3222 CANAL APARTMENTS, LLC WAS CONVERTED TO 3222 CANAL APARTMENTS, INC. IN 2016, WHICH WAS THEN CONVERTED TO 3222 CANAL STREET APARTMENTS NONPROFIT, INC. IN 2016). THE ORIGINAL APPLICATION FOR EXEMPTION BEGAN IN 2020 BUT WAS NEVER COMPLETED FOR FILING DUE TO THE TIMING OF COVID AS WELL AS 2 CONSECUTIVE YEARS OF DECLARED DISASTERS IN LOUISIANA (HURRICAN DELTA IN 2020 AND HURRICANE IDA IN 2021) THAT AFFECTED NEW ORLEANS AREA. SINCE THE 3222 CANAL BUSINESS WAS PLACED INTO SERVICE, ITS OWNERSHIP ENITY HAS ACTED SPECIFICALLY AS A NONPROFIT BY PROVIDING AFFORDABLE HOUSING TO VULNERABLE POPULATIONS AS PART OF THE MISSION OF UNITY OF GREATER NEW ORLEANS, INC. TO PREVENT, REDUCE AND END HOMELESSNESS. IN RESPONSE TO THE 501 (C) (3) APPLICATION SUBMITTED, THE IRS DID GRANT THE ORGANIZATION 501 (C) (3) TAX EXEMPTION STATUS UNDER SECTION 170 (B) (1) (A). HOWEVER, THE EFFECTIVE EXEMPTION DATE WAS SET AT THE APPLICATION DATE OF JULY 21, 2023 AND NOT AT THE REQUESTED DATE OF JANUARY 1, 2019. THE ORGANIZATION IS CURRENTLY SEEKING ADVICE FROM ACCOUNTING PROFESSIONALS AS TO HOW TO MOVE FORWARD WITH A RECONSIDERATION REQUEST TO THE IRS FOR GRANTING EXEMPTION TO BE EFFECTIVE AT JANAUARY 1, 2019. AS OF JUNE 30, 2024, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO ALL OF THE BOARD MEMBERS BEFORE IT WAS FILED TO IRS. THE BOARD MEMBERS WERE GIVEN TIME TO REVIEW OF THE FORM 990 AND OBTAIN ANSWERS TO QUESTIONS FROM THE CPA'S AND MANAGEMENT TO THE SATISFACTION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12 THE BOARD OF DIRECTORS REGULARLY AND CONSISTENTLY MONITORS AND ENFORCE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PURPOSES OF THE BOARD OF DIRECTORS SALARY REVIEW POLICY, IS TO DETERMINE THAT SALARIES PAID TO THE EXECUTIVES OF THE ORGANIZATION DO NOT EXCEED AMOUNTS THAT ARE REASONABLE. REASONABLE COMPENSATION AS DEFINED BY THE TAX CODE IS THE AMOUNT ORDINARILY PAID FOR LIKE SERVICES BY LIKE ENTERPRISES (WHETHER TAXABLE OR TAX-EXEMPT) UNDER LIKE CIRCUMSTANCES. IN THE DETERMINATION OF A REASONABLE SALARY FOR THE EXECUTIVE, ALL FORMS OF COMPENSATION INCLUDING BUT NOT LIMITED TO CASH AND NONCASH COMPENSATION, SALARY, FEES, BONUSES, SEVERANCE, DEFERRED COMPENSATION, OTHER COMPENSATORY BENEFITS, FRINGE BENEFITS, AND FOREGONE INTEREST ON LOANS IN TOTAL MUST BE USED AS THE MEASURE OF REASONABLE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE LOCATED AT 2475 CANAL STREET, STE 300 NEW ORLEANS, LA 70119. THE DOCUMENTS CAN BE REQUESTED BY PHONE AT (504) 821-4496. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUESTING SUCH DOCUMENTS AT THE OFFICE LOCATED AT 2475 CANAL STREET, STE 300 NEW ORLEANS, LA 70119. THE DOCUMENTS CAN BE REQUESTED BY PHONE AT (504) 821-4496. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 47,436. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,436. AUDIT COMMITTE AND AUDIT SELECTION PROCESS THE ORGANIZATION DOES NOT HAVE AN EXCLUSIVE AUDIT COMMITTEE SO THE EXECUTIVE COMMITTEE SERVES THAT ROLE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR SELECTING AUDITORS. UNITY OF GREATER NEW ORLEANS INC 2475 CANAL STREET STE 300 NEW ORLEANS LA 70119 721222911 PROVIDES HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES. LA 501(C)(3) LINE 7 UNITY OF GREATER NEW ORLEANS 0 LINE 7 0 LINE 7 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNITY OF GREATER NEW ORLEANS C 240094